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This years event is expected to draw record fan numbers an bring an increase of up to 10% in Melbourne city hotel room bookings, across main tournament days, according to Accommodation Australia. The tournament is also expected to have a positive impact on the luxury end of the hotelmarket.
The surge in hotel bookings during these high-profile events highlights how live concerts act as powerful economic drivers for cities. In fact, concert-goers often flood the local hotelmarket, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand.
Hotels in Queenstown, Christchurch and Rotorua have enjoyed a strong start to the year with increased room rates, driven by an uptick in international visitors, while New Zealands main centres of Auckland and Wellington saw a decline. While transactions in the hotel space have been infrequent, Anderson says it is starting to pick up.
Hotel Insights is for hotel managers, executives, and professionals looking to enhance their knowledge and stay updated on industry trends. HotelMarketing Podcast Hosted by the team at TravelBoom Marketing, the HotelMarketing Podcast examines the latest trends, tools, and strategies in hotelmarketing.
Joe Amati from Destination Canada emphasized tourism’s robust contribution to the national economy, forecasting annual growth of 5.42 Tourism is a resilient economic engine,” he said, noting the industry’s $130 billion value in 2024 and the $31 billion contributed by international travellers. Can we make winter our opportunity?”
WASHINGTONCoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). Occupancy for the year was raised 0.1 Hotel Forecast of 2025 appeared first on LODGING Magazine. percent and +1.8 percent, respectively.
The PwC hotel forecast for 2025 shows 1.9% occupancy growth. occupancy growth this year. One of the big areas that we’ve seen a massive rise in the industry is the tour operator space, said Claire Steiner, UK Director of Global Travel and Tourism Partnership. RevPAR growth in the UK regions, and a 2.3%
Prior to our present occupation, one of your two authors here, Larry, ran a hospitality and tourismmarketing agency that proudly called Kona Village a client some two decades ago.
Japan’s top hoteliers and tourism professionals are preparing to meet next week for the inaugural AHICE Far East Asia on Wednesday, September 5. The half-day event at The Tokyo EDITION hotel in Toranomon will unite leaders from the hotel, aviation, and tourism sectors to discuss challenges and opportunities in this rapidly evolving market.
An improvement in economic conditions is on the horizon with leisure and business tourism set to benefit, according to CBRE Director – Hotels and Leisure, Peter Hamilton. Hotels that are able to capitalise on the additional demand and spillover effects during large events will benefit most from this.
Australia’s boutique hotelmarket is booming amid increased demand for unique and personalised stays. CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.
Asia Pacific’s hotelmarket is capturing the attention of institutional investors with competition heating up for prime hotel assets in tier one markets including Australia, Japan and Singapore, according to a new report from CBRE.
With restrictions to third-party data and new AI tools, lodging operators must familiarize themselves with the different hotelmarket trends and strategies to stand out from the crowd. Here, we look at how the travel landscape is evolving and the latest trends to shape your marketing strategies this year.
years leading the PR function for EVT Hotels and Resorts multi-award-winning media communications executive, Karena Noble, is bidding farewell to her role at the end of this month to launch her own consultancy, Karena Noble Communications. The high-profile opening drove occupancy for this fresh take on budget accommodation.
years leading the PR function for EVT Hotels and Resorts multi-award-winning media communications executive, Karena Noble, is bidding farewell to her role at the end of this month to launch her own consultancy, Karena Noble Communications. The high-profile opening drove occupancy for this fresh take on budget accommodation.
Over two days, hoteliers, real estate experts and took to the stage to share business updates and insights into the local market. STR Regional Director, Matthew Burke, set the scene with a detailed presentation on the New Zealand market. Minister’s address New Zealand Minister for Tourism and Hospitality, the Hon.
“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourismmarkets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.
Average daily rates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”.
Clearly, the tourism and hospitality industry saw some positive growth. 8 Essential reasons to Optimize your Hotel’s Booking Engine A hotel booking engine is a crucial tool for hotels and accommodation providers in today’s time. These top Hospitality Trends can help you prepare for your hotelmarketing strategy.
In July 2024, the UK hotelmarket continued its strong performance with RevPAR levels significantly above those of 2019, driven by high occupancy rates and increased Average Daily Rates (ADR).
In a world where travellers are increasingly seeking authentic experiences, food tourism is becoming a major driving force in the hospitality industry. So, as the purpose of travel has evolved beyond reaching places, the impact of food tourism has become a significant factor in shaping how hotels cater to their guests.
Impact of MICE on The Hospitality Industry In the busy world of hospitality, MICE tourism emerges as a powerful catalyst, reshaping the landscape of hotels and accommodations. This connection between the MICE and hotels has big effects, spanning from economic growth to operational innovation. Wondering how?
Keeping up with the latest trends in the hospitality industry is extremely important to increase your hotel’s revenue and occupancy. These top Hospitality Trends can help you prepare for your hotelmarketing strategy. Guests now expect it and try to check while booking a hotel if it’s eco-friendly or not.
Importance of Destination Marketing for Hotels Destination marketing is crucial because it helps increase awareness and visibility of a location, driving tourism and economic growth. It enables hotels to tap into a larger tourism ecosystem and benefit from the overall growth and success of the destination.
What are hotel industry statistics? Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. globally next year.
By Nicole Di Tomasso According to Avison Young’s Canada HotelMarket Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. per cent (up 7.7
Direct bookings have become essential to any independent hotel’s distribution mix. A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests.
With our partners, Carmen Software and BookingWhizz, we hosted this ‘Hotel Tech Drive – Tech Stack for Hotels – Now & Beyond’ on June 20 in Phuket, Thailand. It also had speakers from Booking.com, TrustYou, the Board of Tourism Authority of Thailand, and the Tourism Council of Phuket.
Data analytics and insight generation through market-leading tools. Visit website PJ’s Marketing Mexico PJ’s Marketing Mexico is a business that has grown with its home country’s tourism industry, and can be credited with spurring an impressive portion of that growth.
Marriott Hotels has opened its biggest property in Europe – an 869-room hotel in Madrid, Spain. In other news: Hotels in London experienced a 4.2% decrease in occupancy during December. Another survey found 56% of respondents visit a hotel’s website as part of their travel research process.
Global gross hotel bookings, one of the major and rapidly expanding sectors of the travel industry, increased from $450 billion in 2022 to $510 billion in 2023 and is projected to reach $560 billion in 2024. The global virtual tourismmarket is projected to expand to over $847 billion by 2028.
The global hotel industry was valued at US$ 628.4 TMR ) The market size of the global hotel and resort industry, which was $1.52 Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%.
They allow you to differentiate your offerings, making your hotel more appealing to prospective guests who are looking for more than just a basic stay. Increased occupancy Strategically designed packages can help fill rooms during off-peak seasons or weekdays. Should your hotelmarket to singles on Valentine’s Day?
Pilgrimage tourism is a significant aspect of India’s tourism sector. Nestled amidst the breathtaking landscapes of Katra, Jammu and Kashmir, lies Hotel Katra Residency. This streamlined approach minimized the risk of overbooking or underbooking, ensuring optimal occupancy rates year-round.
By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue. This data-driven approach to pricing ensures that hotels remain competitive while also capitalizing on periods of high demand.
This group has become a significant force in the global tourism industry due to China’s large population, growing middle class, and increasing disposable income. China is home to one of the most massive outbound tourism sectors globally. In population size, that market is made up of just over 300 million people.
Ryan Embree: Welcome to Suite Spot, where hoteliers check-in and we check out what’s trending in hotelmarketing. This is Travel Media Group Marketing Director and host of the Suite Spot, Ryan Embree. You know, I’ve worked in agency environments in PR and integrated marketing for hospitality and tourism companies.
Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Operations management in the hospitality industry is a broad term.
Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Operations management in the hospitality industry is a broad term.
These two discuss everything from the origin story of Coakley & Williams, navigating the new landscape of the hospitality industry, and what is on the horizon for travel and tourism. Ryan Embree: Welcome to Suite Spot, where hoteliers check in and we check out what’s trending in hotelmarketing. Listen now.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotelmarketing. And despite the fact that, as we said a few moments ago, we’ve been operating in this really growing top line, RevPAR, ADRs, occupancy coming along with it, environment, profit margins have been challenged.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotelmarketing. One of the things that we work on literally every day is to try to change the narrative of what it means to work in the hotel industry. And that’s the reason in hotelmarketing too.
10 Challenges and Problems in the Hotel Industry and their Solutions. Summer 2022 has seen tourism soar once more, as wanderlust returns to holidaymakers and travellers eager to make up for lost time during the pandemic-induced periods of lockdown and travel restrictions. Missing the Marketing Boat. Prioritization.
TORONTO Global commercial real-estate advisor, Avison Young, has released its annual Canadian HotelMarket Report , featuring a review of 2024 and an outlook for 2025. Highlights include: Major Canadian markets recorded nearly $1.3 Luxury and upper-upscale hotels recorded the highest year-over-year RevPar growth.
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